Housing costs in Mormon Lake?
A typical home costs
$320,900, which is 5.1% less expensive than the national average of
$338,100 and 21.2% less expensive than the average Arizona home, at
$407,400. Renting a two-bedroom unit in Mormon Lake costs
$2,070 per month, which is 44.8% more than the national average of
$1,430 and 25.1% more than the state average of
$1,550.
Can I afford Mormon Lake?
To live comfortably in Mormon Lake (zip 86038), Arizona, a minimum annual income of
$61,560 for a family, and
$67,200 for a single person is recommended.
What does A.I. say about Mormon Lake?
The cost of living in 86038 Mormon Lake, AZ is very affordable. The median home price is $135,500 and the average rental rate for a one-bedroom apartment is around $800 per month. Utilities are quite low compared to other areas across the country with electric bills averaging around $90 per month. The area also boasts some of the lowest gasoline prices in the nation at an average of $2.30 per gallon. Overall, Mormon Lake is an extremely affordable place to live due to its low cost of living and reasonable housing costs.